Scribd
Upload
18 views1 page

Salary and Investment Calculations

Mr. Yap's starting salary was RM2000 per month. His salary increased by RM200 each year of service. After 9 years, his monthly salary would be RM2000 + (9 * RM200) = RM3000. To reach RM4800 monthly, he would need to serve for (RM4800 - RM2000) / RM200 = 12 years. The document contains questions about calculating future values of different annuity investment scenarios with varying interest rates, compounding periods, payment amounts and durations. Calculations are required to find future values and interest earned.

Uploaded by

santhiyaperemel
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
18 views1 page

Salary and Investment Calculations

Mr. Yap's starting salary was RM2000 per month. His salary increased by RM200 each year of service. After 9 years, his monthly salary would be RM2000 + (9 * RM200) = RM3000. To reach RM4800 monthly, he would need to serve for (RM4800 - RM2000) / RM200 = 12 years. The document contains questions about calculating future values of different annuity investment scenarios with varying interest rates, compounding periods, payment amounts and durations. Calculations are required to find future values and interest earned.

Uploaded by

santhiyaperemel
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

MidTerm

1. In a company X, Mr. Yap was paid Rm2000 per month in the first year of his service. His
salary increased by Rm200 for each of the following years.

(a) Calculate [Link]'s monthly salary if he had served in that company for 9 years

(b) For many years must service in that company for his salary to reach Rm4800? (6 Marks)

2. For the during 2 years and 8 months at 9% compounded every 2 months. Find the amount
of future value? (4 Marks)

3. Find the future value and the interest earned for each of the following annuities.

(a) Rm6000 every year for 8 years at 12% compounded annually

(b) Rm800 every month for 2 years 5 months at 5% (compounded annually)

(c) Rm950 every 3 months for 3 years 9 months at 6% compounded quarterly.

(d) Rm2450 every 2 months for 1 year 8 months at 6% compunded every 2 months.

(e) Rm90 everyday for 150 days at 10% compounded daily. (10 Marks)

You might also like